Sunday, April 2, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Bitcoin

Analyst Predicts Best Level To Buy Bitcoin As Price To Rally Above $30K

news by news
January 28, 2023
in Bitcoin, Bitcoin News, Bitcoin Price Analysis, News
0
Analyst Predicts Best Level To Buy Bitcoin As Price To Rally Above $30K
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit

Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why

Bitcoin price

Bitcoin price continues its range-bound movement near the $23K level. Traders await a fall in Bitcoin (BTC) price to buy from lower levels and make more profits. While traders speculate whether the Bitcoin price will continue to rise and hit $25K or fall to $21K, popular analyst Michael van de Poppe earlier predicted a fall to $21.5K before a rally.

Best Level to Buy Bitcoin

Crypto analyst Credible Crypto in a tweet on January 28 said that Bitcoin holds potential for an upside move and continuation to the upper $25K target.

However, a move to $21.5K is expected as BTC price faces strong resistance near $23.2k. The monthly bullish breaker between $19.5K and $20.5K is the ideal buy zone. Traders making a buy at this level can make significant profits when Bitcoin price reaches above $30K.

Bitcoin Price
Bitcoin Price. Source: Credible Crypto

The heat map also coincides with the monthly bullish breaker between $19.5K and $20.5K. Thus, traders are likely looking for Bitcoin price to fall below $20K to begin a massive rally towards $30K.

Crypto analyst Michael van de Poppe said BTC price is facing difficulty in breaking above a crucial resistance at $23.1K. Thus, if Bitcoin continues to make lower highs, then probably test and sweep around $22.3K before continuation is more likely.

Bitcoin Price Falls Lower Ahead of FOMC Meeting

In the last 24 hours, BTC price continues to trade sideways near the $23K level. The 24-hour low and high are $22,880 and $23,417, respectively. Furthermore, the trading volume has decreased by 15% in the last 24 hours. Thus, there’s a decline in interest among traders at the current level after a nearly 40% rally in January.

The Federal Reserve is likely to announce another 50 bps rate hike, as per Wall Street estimates. However, the CME FedWatch Tool indicates a 98.2% probability of a 25 bps rate hike.

Also Read: Will Crypto Miners Sell Their BTC Holdings As Bitcoin Price Recovers?

The post Analyst Predicts Best Level To Buy Bitcoin As Price To Rally Above $30K appeared first on CoinGape.

Related Posts

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit
24/7 Cryptocurrency News

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit

April 1, 2023
Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why
24/7 Cryptocurrency News

Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why

April 1, 2023
Celsius Releases Reorganization Strategy; Finally Some Hope For Retail Customers?
24/7 Cryptocurrency News

Celsius Releases Reorganization Strategy; Finally Some Hope For Retail Customers?

April 1, 2023
Bitcoin Trades Above $28K Despite Fall Of Bittrex U.S.
24/7 Cryptocurrency News

Bitcoin Trades Above $28K Despite Fall Of Bittrex U.S.

April 1, 2023
Breaking: Binance Burns 1.6 Billion Terra Luna Classic Tokens, LUNC Price Jumps 3%
24/7 Cryptocurrency News

Breaking: Binance Burns 1.6 Billion Terra Luna Classic Tokens, LUNC Price Jumps 3%

April 1, 2023
XRP Lawyer States Best And Worst Outcomes In US SEC Vs Ripple Lawsuit
24/7 Cryptocurrency News

XRP Lawyer States Best And Worst Outcomes In US SEC Vs Ripple Lawsuit

April 1, 2023
Next Post
Ripple (XRP) Price Prediction: What Will Whale Movements Lead To?

Ripple (XRP) Price Prediction: What Will Whale Movements Lead To?

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

FTX News: SBF Says Senate Hearing “Not Currently Scheduled” For Attending

FTX News: SBF Says Senate Hearing “Not Currently Scheduled” For Attending

December 12, 2022
G20 Members Considering Complete Ban On Crypto, Says RBI Governor

G20 Members Considering Complete Ban On Crypto, Says RBI Governor

February 26, 2023
New Twist In XRP Lawsuit; What Does Ripple’s New Supreme Court Letter Mean?

New Twist In XRP Lawsuit; What Does Ripple’s New Supreme Court Letter Mean?

March 4, 2023
Just-In: Coinbase Challenges US SEC “Regulation By Enforcement” As Crypto Recovers

Just-In: Coinbase Challenges US SEC “Regulation By Enforcement” As Crypto Recovers

March 14, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In